Monday, November 7, 2016

Canada: Alberta to Ask for 400 MW of Renewable Energy Projects

Alberta readies 400 MW green push (renews)

Competitive procurement due in 2017 in bid to meet 5 GW target

The Canadian province of Alberta is moving ahead with a 400 MW competitive procurement, the first step in a new renewables drive.

The Alberta government has set a target of 5 GW of renewable energy to meet its goal of 30% clean electricity by 2030.

The power contracts will be similar to contract for difference agreements that would top-up developer revenues when prices fall using carbon revenues from large industrial emitters.

A carbon levy will be imposed on all carbon-based fuels as of 1 January 2017. The province plans to hold successive renewable energy calls over the next decade.

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